A number of other equities research analysts have also issued reports on the company. Bank of America reaffirmed a neutral rating and set a $88.00 target price on shares of Nasdaq in a research report on Friday, May 31st. ValuEngine downgraded Nasdaq from a buy rating to a hold rating in a report on Thursday, August 1st. Raymond James lifted their price target on Nasdaq from $96.00 to $108.00 and gave the company an outperform rating in a report on Wednesday, July 10th. Zacks Investment Research downgraded Nasdaq from a hold rating to a sell rating in a report on Thursday, May 23rd. Finally, UBS Group lifted their price target on Nasdaq from $103.00 to $113.00 and gave the company a buy rating in a report on Wednesday, July 10th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. Nasdaq presently has a consensus rating of Hold and an average target price of $102.00.
Shares of Nasdaq stock traded up $0.28 on Wednesday, reaching $98.54. 476,725 shares of the company were exchanged, compared to its average volume of 849,611. The business has a fifty day simple moving average of $99.39. The stock has a market cap of $15.83 billion, a price-to-earnings ratio of 20.36, a price-to-earnings-growth ratio of 2.85 and a beta of 0.66. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.96 and a quick ratio of 0.84. Nasdaq has a fifty-two week low of $75.49 and a fifty-two week high of $104.69.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.91%. Nasdaq’s dividend payout ratio is 38.84%.
In other Nasdaq news, insider Bradley J. Peterson sold 1,550 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $96.65, for a total value of $149,807.50. Following the transaction, the insider now owns 21,408 shares in the company, valued at $2,069,083.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lars Wedenborn sold 1,946 shares of the business’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $90.36, for a total value of $175,840.56. The disclosure for this sale can be found here. Insiders sold 37,211 shares of company stock worth $3,454,592 in the last 90 days. Corporate insiders own 0.50% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Flagship Harbor Advisors LLC boosted its stake in shares of Nasdaq by 2.2% during the 1st quarter. Flagship Harbor Advisors LLC now owns 6,412 shares of the financial services provider’s stock worth $561,000 after acquiring an additional 137 shares in the last quarter. State Treasurer State of Michigan boosted its stake in shares of Nasdaq by 1.8% during the 1st quarter. State Treasurer State of Michigan now owns 33,411 shares of the financial services provider’s stock worth $2,923,000 after acquiring an additional 600 shares in the last quarter. Wealthfront Advisers LLC boosted its stake in shares of Nasdaq by 78.3% during the 1st quarter. Wealthfront Advisers LLC now owns 9,689 shares of the financial services provider’s stock worth $848,000 after acquiring an additional 4,254 shares in the last quarter. Cibc Bank USA bought a new stake in shares of Nasdaq during the 1st quarter worth about $788,000. Finally, Nissay Asset Management Corp Japan ADV boosted its stake in shares of Nasdaq by 3.8% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 10,461 shares of the financial services provider’s stock worth $915,000 after acquiring an additional 380 shares in the last quarter. Hedge funds and other institutional investors own 76.11% of the company’s stock.
Nasdaq Company Profile
Nasdaq, Inc provides trading, clearing, marketplace technology, regulatory, securities listing, information, and public and private company services worldwide. The company's Market Services segment offers equity derivative trading and clearing; cash equity trading; fixed income and commodities trading and clearing; and trade management services.
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